Yes, with gasoline over $8/gal in UK and Germany it shows you that demand doesn't die so easy.
I find the interviewers at Bloomberg often do a better job with asking intelligent questions like yours to keep the analysts more responsible.
But yesterday Schork was back at his bubble theory, saying that SEMFUELS was just forced into bankruptcy covering $3.2bil in energy shorts...his conclusion...since that cover is finished, oil can now drop below $100 by October....and even hit $70....
LOL, what great jobs some people have...
Another analyst thought 122 crude will hold...just hit today..and various others support your line of thinking about intl demand
best regards